Aera

ARTICLES ABOUT AERA BY DATE - PAGE 4

NEW DELHI: GMR Infrastructure today reported a consolidated net loss of Rs 366.16 crore for the January- March quarter of the last fiscal, hit by losses incurred by its subsidiary DIAL, which is the operator of Delhi Airport. However, the losses have narrowed down by about 64 per cent in the fourth quarter as compared to loss of Rs 1,006.74 crore of the January-March period of FY'11. "Delay in tariff revisions on Delhi Airport has led to DIAL reporting a loss of Rs 573 crore in 2011-12.

NEW DELHI: Supporting the hike in Delhi airport charges by Airport Economic Regulatory Authority, Civil Aviation Minister Ajit Singh today said it was done to cover the cost of investment and ensure fair returns for the airport. The Minister, in reply to a written reply in the Rajya Sabha, accepted that International Air Transport Association (IATA) has said the tariff hike sought by airport operator, Delhi International Airport Limited (DIAL), will make Delhi airport one of the most expensive airports in the world.

NEW DELHI: Supporting the hike in Delhi airport charges by Airport Economic Regulatory Authority , Civil Aviation Minister Ajit Singh today said it was done to cover the cost of investment and ensure fair returns for the airport. The Minister, in reply to a written reply in the Rajya Sabha, accepted that International Air Transport Association (IATA) has said the tariff hike sought by airport operator, Delhi International Airport Limited (DIAL), will make Delhi airport one of the most expensive airports in the world.

NEW DELHI: The Civil Aviation Ministry today sought to wash its hand off the AERA's decision to raise airport charges at Delhi Airport by a whopping 346 per cent for two years, saying it had little to do with the move. "The ministry cannot intervene in this," Civil Aviation Minister Ajit Singh told reporters outside Parliament, adding, "there is a judicial authority...(the fare) was raised after talking to everyone". The Airports Economic Regulatory Authority (AERA)

Flying from Delhi will become more expensive from next month as sector regulator AERA has given a 3.5 fold revision in tariffs to Delhi International Airport Ltd (DIAL), the consortium that operates the airport in the national capital. The new charges will be effective from May 15 for a period of 2 years. The revision in the aeronautical charges of the airport will cause user development fee (UDF) to be levied on departing and arriving passengers, who already pay development fee. DIAL had proposed a 774% hike in tariffs, which have not been revised since 2009, to the Airports Economic Regulatory Authority (AERA)

NEW DELHI: Air travel cost from Delhi is set to go up soon with airports regulator AERA today deciding to raise airport charges by a whopping 346 per cent for two years, as airlines said the passengers would have to face the brunt of this massive hike. The approximate increase in ticket pricing on account of passenger fee alone would be around Rs.290 in the domestic sector and Rs.580 in the international sector. The ticket prices can go up further depending on to what extent the airlines pass on the additional burden on them due to various charges to the passenger.

NEW DELHI: GMR, the operator of two key airports in India, is trying hard to recover part of its over Rs 500-crore worth of dues that cash-strapped Air India and Kingfisher Airlines together owe to the private developer. The company, which operates the Delhi and Hyderabad airports, will soon ask Kingfisher Airlines to increase daily airport payments by half and has already asked the government to pay 300 crore upfront to clear Air India's dues of 450 crore. "Kingfisher has started paying airport charges amounting to about 40 lakh a day regularly.

MUMBAI: The International Air Transport Association(IATA) on Thursday flayed the demand of Delhi International Airport Limited ( DIAL ) to hike its fees by a steep 340 percent, saying it will cripple the already debt-laden airlines apart from making it the most expensive airport in the world and destroying its competitiveness. "The new terminal and the third runway have been a much needed boost. But if the 340 percent increase in charges over the next two years is implemented, it will make Delhi the most expensive airport in the world, and destroy its competitiveness," IATA director-general and chief executive Tony Tyler said.

NEW DELHI: Indian and foreign airlines have slammed the Delhi Airport operator's demand for an eight-fold hike in tariff, saying it would make the charges here even costlier than those levied at Singapore, Bangkok, Dubai and Hong Kong put together. While the Delhi International Airport Limited (DIAL) has justified its proposal of a 774 per cent hike saying the aeronautical tariff would actually increase by 100-150 per cent, the carriers have said if the proposed hike is approved by the Airports Economic Regulatory Authority (AERA)

NEW DELHI: The aviation ministry has recommended a higher return on equity than the sector regulator for the GMR-led consortium that runs Delhi's international airport, which could help the loss-making private developer shore up revenues faster. The ministry has recommended 18-20% return on equity, proposing a four to five-fold increase in airport charges, while the Delhi International Airport Ltd (DIAL) had sought 24% returns. The ministry's proposal is, however, higher than the 16% returns and three-fold rise in tariffs recommended by the Airports Economic Regulatory Authority (AERA)